Rishi Sunak is a British politician who served as Chancellor of the Exchequer from 13 February 2020 to 5 July 2022, and Chief Secretary to the Treasury from 24 July 2019 to 13 February 2020.
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Rishi Sunak is a British politician who served as Chancellor of the Exchequer from 13 February 2020 to 5 July 2022, and Chief Secretary to the Treasury from 24 July 2019 to 13 February 2020.
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Sunak subsequently read philosophy, politics and economics at Lincoln College, Oxford, and later gained an MBA from Stanford University in California as a Fulbright Scholar.
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Sunak was elected to the House of Commons for Richmond in North Yorkshire at the 2015 general election, succeeding William Hague.
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Sunak was appointed to Theresa May's second government as Parliamentary Under-Secretary of State for Local Government in the 2018 reshuffle.
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Sunak replaced Sajid Javid as Chancellor of the Exchequer after his resignation in the February 2020 cabinet reshuffle.
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Sunak resigned as chancellor on 5 July 2022, citing his economic policy differences with Johnson in his resignation letter.
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Sunak in turn lost the Conservative leadership race to Truss, garnering 42.
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Sunak was born on 12 May 1980 in Southampton to African Hindu parents of Indian descent, Yashvir and Usha Sunak.
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Sunak's father was born and raised in the Colony and Protectorate of Kenya, while his mother was born in Tanganyika .
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Sunak's maternal grandfather Raghubir worked in Tanganyika as a tax official, and had an arranged marriage with 16-years-old Tanganyika-born Sraksha, with whom he had three children, and the family moved to UK in 1966, funded by Sraksha selling her wedding jewellery.
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Sunak attended Stroud School, a preparatory school in Romsey, Hampshire, and Winchester College, a boys' independent boarding school, where he was head boy and the editor of the school paper.
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Sunak was a waiter at a curry house in Southampton during his summer holidays.
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Sunak worked as an analyst for the investment bank Goldman Sachs between 2001 and 2004.
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Sunak then worked for the hedge fund management firm the Children's Investment Fund Management, becoming a partner in September 2006.
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Sunak was selected as the Conservative candidate for Richmond in October 2014, defeating Wendy Morton.
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Sunak served as parliamentary under-secretary of state for local government between January 2018 and July 2019.
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Sunak supported Boris Johnson in the 2019 Conservative Party leadership election and co-wrote an article in The Times newspaper with fellow MPs Robert Jenrick and Oliver Dowden to advocate for Johnson during the campaign in June.
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Sunak was appointed as chief secretary to the Treasury by Prime Minister Boris Johnson on 24 July 2019, serving under Chancellor Sajid Javid.
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Sunak was considered to be a Johnson loyalist, favoured by Dominic Cummings, and seen as the "rising star" minister who had ably represented the Prime Minister during the 2019 election debates.
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Sunak was promoted to chancellor on 13 February 2020 as part of a cabinet reshuffle, after the resignation of his predecessor, Javid, on the same day.
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Sunak was part of a committee of Cabinet ministers that made decisions on the pandemic.
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Sunak received a fixed penalty notice alongside Johnson for attending a party, but he did not deliver a statement or resign.
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Sunak was the first Chancellor to raise the corporation tax rate since Healey in 1974.
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On 12 April 2022, Sunak was issued with a fixed penalty notice after the Metropolitan Police believed he had breached COVID lockdown restrictions by attending a birthday party.
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In November 2020, Sunak was reported by The Guardian to have not declared a significant amount of his wife and family's financial interests on the register of ministers' interests, including a combined £1.
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Sunak is required under the ministerial code to declare interests that are "relevant" to his responsibilities and "which might be thought to give rise to a conflict" with his public duties.
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Sunak said that the recovery from the COVID-19 pandemic had been disrupted by the Russian invasion of Ukraine.
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Sunak provided some funding to help vulnerable people cope with the rising cost of living.
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On 8 July 2022, Sunak announced that he would stand as a candidate in the Conservative party leadership election to replace Johnson.
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Sunak launched his campaign in a video posted to social media, writing that he would "restore trust, rebuild the economy and reunite the country".
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Conservative politicians who had supported Johnson criticised Sunak as "leading the charge in bringing down the prime minister" with key Johnson ally Jacob Rees-Mogg calling him a "high tax chancellor".
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Sunak commented on the clip that "We all say silly things when we are younger".
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At the start of 2020, following his appointment as Chancellor of the Exchequer, Sunak arrived in public discourse from relative obscurity.
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Various polls showed Sunak remained overwhelmingly popular among Conservative supporters and many other Britons throughout 2020.
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Public attitudes towards Sunak remained broadly positive in 2021, though his popularity declined steadily over time.
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Sunak is a Hindu, and took his oath as an MP at the House of Commons on the Bhagavad Gita.
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Sunak is close friends with The Spectator political editor James Forsyth, whom he has known since their school days.
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Sunak was the best man at Forsyth's wedding to the journalist Allegra Stratton, and they are godparents to each other's children.
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